1 Nov

Landlords return to buy to let market

Landlords return to buy to let market

Landlords have started to return to the buy to let market, it has been reported.

The Association of Residential Letting Agents (Arla) has announced that the number of people who have decided to let their properties rather than sell has increased.

It reported that 34 per cent of Arla's member offices saw a rise in the number of buy to let properties coming onto the market in the third quarter of 2010.

Figures from the second quarter revealed that 19 per cent of member offices reported a rise in the number of rental properties.

Operations manager at Arla Ian Potter advised people considering letting out their properties to be aware of all the information first.

He stated: "A qualified, licensed agent can help guide both landlord and tenant through the process, to ensure neither party is left out of pocket."

New landlords are likely to be pleased to hear that there has been a growth in tenant demand, with 14.2 per cent of households being privately rented in 2008-09, compared with 10.2 per cent in 2003, according to the Department for Communities and Local Government's English housing Survey Household Report 2008-09.ADNFCR-1222-ID-800209025-ADNFCR

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